Required information [The following information applies to the questions displayed below.) The Matsui Lubricants plant uses the weighted-average method to account for its work-in-process inventories. The accounting records show the following information for a particular day. Beginning WIP inventory Direct materials: Conversion costs 980 302 Current period costs Direct materials Conversion costs 12,040 5,503) Quantity information is obtained from the manufacturing records and includes the following. Beginning inventory 550 units (70% complete as to materials, Current period units started Ending inventory 4,200 units 52% complete as to conversion) 1,100 units (50% complete as to materials, 20% complete as to conversion) Compute the cost of goods transferred out and the ending inventory using the weighted-average method. (Do not round intermediate calculations.) Costs of goods transferred out Costs in ending inventory